pari passu

Equally and without preference. This term is often used in bankruptcy proceedings where creditors are said to be paid pari passu, or each creditor is paid pro rata in accordance with the amount of his claim. (Dictionary of Canadian Bankruptcy Terms)

pari passu — share and share alike , a term used in several contexts but especially in relation to the rights and ranking of creditors of an insolvent estate; it denotes an entitlement to payment of their debts in shares proportionate to their respective… … Law dictionary

pari passu — [pä′rē pä′so͞o΄, pā′ri΄ pas′o͞o΄] [L] 1. at an equal pace 2. in an equal or like way 3. Law without preference or priority … English World dictionary

pari passu — A lending term meaning at an equal rate or pace. American Banker Glossary Refers to the equal ranking of securities. Bloomberg Financial Dictionary Occurs when securities with different characteristics ( e.g. shares with different entitlements to … Financial and business terms

Pari-passu — A Latin phrase meaning “equal footing” that describes situations where two or more assets, securities, creditors or obligations are equally managed without any display of preference. An example of pari passu, occurs during bankruptcy… … Investment dictionary